iBlog: Wall Street Gone Wild..Taking Investors for a Ride
May 8, 2010 at 12:33 am Linh C. Ho Leave a comment
By Linh C. Ho
Yesterday’s stock turbulence was one of the largest point drop ever, trigged by a typo from a single trader. That one error led to an automated trading frenzy and triggered a rapid selloff that left SEC, NYSE and Nasdaq officials with no choice but to cancel some afternoon trades. This computerized selloff is yet another reminder that organizations typically do not have full visibility into business transactions.
Even though the computer systems performed adequately – if these trading platforms were monitored with Business Transaction Management (BTM) technology, this rapid automated selloff could have been mitigated. Yesterday’s event highlights the need for visibility into real business transactions in real-time. This level of transaction monitoring can immediately detect any abnormal trade activity, and quickly alert staff.
This iBlog provides insight into how BTM can help mitigate such risk, also we share the broader financial challenges gathered from speaking with industry analysts, financial experts and customers. Challenges impacting IT management include:
- Regulations
- Process efficiency/Business Process Reengineering/Outsourcing
- Quality improvement
- Mergers and acquisitions
iBlog: Financial Challenges Impacting IT
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Assaf Amit
Andy Wetzel
Russell Rothstein
Motti Tal
Linh C. Ho
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